Lincoln National Co. (NYSE:LNC) Position Decreased by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Lincoln National Co. (NYSE:LNC) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,658 shares of the financial services provider’s stock after selling 7,627 shares during the period. Rhumbline Advisers owned approximately 0.25% of Lincoln National worth $13,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LNC. Blue Trust Inc. lifted its stake in Lincoln National by 535.5% during the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after buying an additional 905 shares in the last quarter. Larson Financial Group LLC lifted its stake in Lincoln National by 95.3% during the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after buying an additional 530 shares in the last quarter. Eastern Bank purchased a new stake in Lincoln National during the third quarter valued at about $40,000. Meeder Asset Management Inc. purchased a new stake in Lincoln National during the third quarter valued at about $48,000. Finally, Crews Bank & Trust purchased a new stake in Lincoln National during the fourth quarter valued at about $51,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LNC. Wells Fargo & Company upped their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday. TD Cowen increased their price target on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods increased their price target on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Evercore ISI raised their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Lincoln National currently has an average rating of “Hold” and an average price target of $37.10.

Lincoln National Trading Down 3.2 %

Shares of LNC stock opened at $37.55 on Friday. Lincoln National Co. has a 12 month low of $25.60 and a 12 month high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $33.89 and its two-hundred day moving average is $32.95. The company has a market cap of $6.40 billion, a PE ratio of 2.04, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Equities analysts predict that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.79%. Lincoln National’s payout ratio is 9.79%.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.